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rramires (OP)
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February 25, 2014, 11:29:28 AM |
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Exchange is not a bank!
Never sleep with BTC on an exchange.
Send -> Negotiate -> Move your wallet.
Give preference to trade with more coins types, it becomes easier to exchange and have to where run.
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Armis
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February 25, 2014, 11:50:17 AM
Last edit: February 25, 2014, 12:23:23 PM by Armis |
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What is the greatest lesson of MtGox? 1) The mountains of evidence can be hard to see with $signs in your eyes. 2) If a company screws up in a major way once, forgiveness should not be followed by reinvestment. 3) Hope is not a reasonable investment strategy. 4) Mountains can crumble, and when they do the fallout is felt worldwide. and 5) Whoever the guy is that went to Japan from UK to protest is now a Bitcoin hero. https://bitcointalk.org/index.php?topic=486605.0 |
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ginbank
Newbie
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Activity: 57
Merit: 0
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February 25, 2014, 12:03:29 PM |
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gambit1
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February 25, 2014, 12:15:25 PM |
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Forget about bitcoin. Governments and civilization are necessary.
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tex83rb
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February 25, 2014, 12:18:23 PM |
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ye, always move to your own pc, in virtualized environment, crypted linux
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miketonic
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February 25, 2014, 12:19:50 PM |
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I think this should remind us about how young BTC still is. These kind of incidents will occur before the services around BTC will develop to be properly funtioning. Of course people's stupidity played a big role in this incident, but I still think the services need to develop.
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techstorm2
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February 25, 2014, 12:34:40 PM |
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Exchange is not a bank!
Never sleep with BTC on an exchange.
Send -> Negotiate -> Move your wallet.
Give preference to trade with more coins types, it becomes easier to exchange and have to where run.
Agree, i never leave anything on exhanges, if i lose it from my machine/wallet, its my F??K up only. |
Dime 7Q3cZtyJemmE8pJsrYgX24mHnkqZX6M6hP
BTC 18vbvovBeM5ZTZqR5ZWAy75EXE7qTNipuo
Mooncoin 2QgyivUMa7Zun6oPdxeE1yry1aNp5hqrDb
LTC Lg3UYGCAe3Tb146PiMqeGNLR7bnjdM447d
Doge DPd1XejW8TabJu5gfjyKnuQYQ9Vzw1anXN
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Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
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February 25, 2014, 12:46:58 PM |
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That you can trust a shady website run by two unknown Russians, based out of Bulgaria more than you can a reputable exchange run out of Japan by a well known businessman.
Sad but true.
Everyone was warned about Gox multiple times, and if one was smart, one would have avoided them after the first warning. Once you let someone fool you around tens of times, the problem doesn't lie in them. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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WompRat
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February 25, 2014, 12:49:03 PM |
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Never trust a fat man with your cake?
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rmines
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February 25, 2014, 12:54:55 PM |
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Don't put all your eggs in one basket.
Never trust anybody.
Greed is not good.
Make sure to follow market news (articles warning for mtgox have been published since several weeks)
etc
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boumalo
Legendary
Offline
Activity: 1904
Merit: 1018
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February 25, 2014, 12:58:28 PM |
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One lessons could be that if a business doesn't look too professional and is new you better be careful, especially when people start having problems to withdraw!!
WOW I just learned that mtgox disappears, I was about to say people are greedy and are depositing to enjoy the artificial low price of BTC on the website, I checked mtgox.com to see the price and POUF! It is gone
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rramires (OP)
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February 25, 2014, 02:46:39 PM |
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Never trust a fat man with your cake?
hahahahahaha best lesson!  |
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Massimo80
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February 25, 2014, 02:58:38 PM |
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Exchange is not a bank!
Never sleep with BTC on an exchange.
Send -> Negotiate -> Move your wallet.
Definitely agreed. But the problem with Mt.Gox was withdrawing MONEY from there... I sold some Bitcoins (bought elsewhere) on Jan. 10, and immediately requested a bank transfer. I had done the same in the past, and it took more than 4 weeks. This time, I just never received it. |
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hilariousandco
Global Moderator
Legendary
Offline
Activity: 3808
Merit: 2617
Join the world-leading crypto sportsbook NOW!
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February 25, 2014, 02:59:41 PM |
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The greatest lesson is not to send money to shoddily run businesses. I could never even understand why people sent money there in the first place as it has always taken weeks and months to get verified or withdraw money etc.
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LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1010
In Satoshi I Trust
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February 25, 2014, 03:01:17 PM |
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yep but this will happen over and over. you could tell this every day and every minute, you cant prevent people from doing this. maybe this is a good reason why serious btc companys need regulation.
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rramires (OP)
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February 25, 2014, 03:02:21 PM |
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The greatest lesson is not to send money to shoddily run businesses. I could never even understand why people sent money there in the first place it was always taken weeks and months to get verified or withdraw money etc.
Don't put all your eggs in one basket.
Never trust anybody.
Greed is not good.
Make sure to follow market news (articles warning for mtgox have been published since several weeks)
etc
Don't put all your eggs in one basket. I'll take this lesson Better to have a smaller profit than getting nothing. |
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WuttWutt
Newbie
Offline
Activity: 28
Merit: 0
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February 25, 2014, 03:03:15 PM |
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why are people putting money on btc-e?
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Ekaros
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February 25, 2014, 03:08:07 PM |
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Don't use URL for username and password? Don't ever use exchange that uses GET for login... |
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kgo
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February 25, 2014, 03:09:43 PM |
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Fool me once, shame on you.
Fool me twice, shame on me.
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